Nestl has been established for 154 years. Its strong commitment in fostering the shared values among its employees (regardless of where they are working) is one of the factors that lead to the strong organizational culture in Nestle. For example, Figure A depicts the commitment by Nestl Malaysia.

Describe THREE (3) major challenges faced by Nestl in fostering the company shared values among the employees and explain ONE (1) major consequence of failing to deal with the challenges. (15 marks) 200 WORDS

Nestl in Society: Creating Shared Value OUR PURPOSE In 2020, Nestl globally marked 154 years since our establishment. After all these years, we remain guided by our purpose, which has become even more relevant today as people are increasingly conscious of the role food plays in their health. Accompanying this is a renewed call for companies to take accountability in driving positive change ensuring business growth goes hand in hand with sustainability. Our commitment to sustainable growth is reflected in our promise to deliver GOOD FOOD, GOOD LIFE to all. We are ever-conscious of our responsibility to nourish individuals and families by providing high-quality, accessible and affordable nutrition, while ensuring that the communities around us prosper and respecting our planet for future generations. Our commitment in ensuring that our way of doing business resonates with consumers, comes from our core values which are rooted in RESPECT: Respect for ourselves: Respect starts with each of us, with sell-respect and being true to ourselves, then acting with integrity, faimess and authenticity. Respect Respect for others: Respect for people around us and all those we interact with creates a climate of mutual trust. This is about taking pride in living up to what we promise. For us, it is about quality in our products, our brands and in everything that we do. Respect for diversity: Respect for other ways of thinking, other cultures, and all facets of society requires openness and inclusiveness in all our interactions, both inside and outside the Company Respect for the future: Respect for the world's future and generations who follow us, compels us to act with responsibility and courage, even at difficult times